Is your house rented or self-owned?

India
February 4, 2007 1:18pm CST
So do you think that when everyone is buying their own house, may be you should rent? or do you buy into a crazy market with costs soaring high? or do you think buying a house is indulging yourself in 'irrational exuberance'? What will you suggest to your friend who is looking for a house- to buy or to rent????
3 people like this
14 responses
@shobasvk (787)
• Malaysia
4 Feb 07
My house where im staying is self owned by my dad.I guess buying houses is really important as you can stay as long as you like and not to worry on that house landlord.You can renovate your house according to your own comfort at least you have your own designed house. I would advise someone to better buy a house,not so expensive or not so cheap,but buy house according to your own convinience.If your family is big,then you cannot simply buy house which is less space to live on.Considering many factors would be good in buying houses.
• India
4 Feb 07
i agree with you. i've also stayed in rented houses before when i was studying.but i changed lot of them thinking that this time the landlord will not poke his nose and ask annoying questions but ultimately all of them turned out to be the same! may be it was my bad luck.
@wolfie34 (26770)
• United Kingdom
18 Feb 07
The two bedroomed semi we live in is rented. I much rather rent, I know it is wasted money but if anything goes wrong with the house it is not my responsibility, also I don't like living in the same place too long, I am a free spirit and like to move around and not stay in the same place. Owning a house is full of responsibilities and it is difficult to move and sell and it is very very expensive in this country. Getting on the housing market is virtually impossible.
• India
17 Feb 07
No question for renting.My home is purely self made.Actually I live with my parents and my parents have made it.But I want to build a dream house for me.
@sahyd2don (2942)
• India
17 Feb 07
Its alway better to live in our own house than livin in a rented house.You cant say when the owner comes and give you a command to vacate the house.then you have to go and search for new house.Thats all a big head ache.
• Philippines
6 Feb 07
My family and I rented a house for over 1 year but recently, I had a chance to buy a house for them. We actually transferred to our new house just recently. It's not an expensive house but rather an ideal house for the starting family. My suggestion to my friends is to buy also their own house. It's more comfortable compared to renting and it's also an investment.
@mdchennai (2129)
• India
17 Feb 07
its rented but will get into a own home
@blastrail (345)
• India
5 Feb 07
I am currently in a rented house only. I think we must buy a house if we were to have our own freedom on our house. If we want to save money and use the money in other ways to enjoy then it is better to rent a house than to buy it at life time higher costs.
@hcromer (2710)
• United States
6 Feb 07
The house as a whole is owned by my boyfriend's grandparents, we rent the downstairs from them. I wish I could afford to buy a house though. Buying is a much better investment than renting.
@filchi (291)
• Netherlands
4 Feb 07
Actually it depends to a person if he/she how much they can afford, either to buy or just rent. But if there is a rent to own, would be better, on my own opinion, at least for the years to come, the money you are spending for renting turn out good, like you will have your own house then. This is in general.
@jimfabo (327)
• India
6 Feb 07
my is rented and i am happy with this... i love to have my own house but with cost going to sky.. its better to rent one... you know best part about hiring house? you can change and choose whenever you want.
@apky12 (769)
• United States
4 Feb 07
I would suggest buying b/c our market is pretty hot around DC all the time. If it's possible for you to buy, buy. I would even say buy a smaller place and if you can save up some money and then go for something bigger later. It pays! Housing around here went into a slump for about 8 months and now it's going back up again. I guess it depends what area you are from as to whether or not it pays to buy.
@saintz87 (439)
• Singapore
4 Feb 07
When we are buying houses, we are actually exchanging our life for the home that we desire. Why? Money is a form of life, its the exchange of our time, which is life in our work, that we get a salary, and in that salary, we use it to pay our housing debts, and monthly payments, or down payments. I will actually rent, initially, so as to save up more for other investments where i can yield from. As i build my business, i will begin to start by buying a small house, and i will definitely take a long time to stay there. I will invest in my business continually until i am a business owner, which is about 500 employees. Then i will begin looking for real property that will help me with my business building. Getting any house is fine as long as i can live in it, my main aim is still expanding businesses, soaring for assets in property would be secondary until i earn by first pot of gold. If market prices are soaring high, don't expect me to take part in this frenzy preiod. I would be the one selling those houses instead. =D
• Canada
4 Feb 07
I rent my house, less headaches i think. i know i won't won anything in the long run but i'm on a low income and it's just cheaper.
• United States
4 Feb 07
The house my family is in now is rented. It is certainly better to buy - renting a house is like throwing the money away and never getting it back. However, we really can't afford to buy a house. Unfortunately.